Retiring

[idahoblues]

Fuck knows mate. That's why Norfolk coast is favourite at the moment. I will see what brexit does regarding health care for wife

Sunny Hunny here I come!

 

[NorthamptonBlue]

When I was thinking about retirement, I was told that, assuming no mortgage, it was:

£10k pa - survival
£20k pa - comfortable
£30k pa - very comfortable
£40k pa - luxury

What is luxury to me though might be penury to you.

 

[dickie davies]

When I was thinking about retirement, I was told that, assuming no mortgage, it was:

£10k pa - survival
£20k pa - comfortable
£30k pa - very comfortable
£40k pa - luxury

What is luxury to me though might be penury to you.

Looking at 20k and out of that you take household utilities, food, council tax and car expenses (5 grand for the lot) I doubt there are many people who have 15k in disposable income
It's a substantial amount of cash

 

[NorthamptonBlue]

Looking at 20k and out of that you take household utilities, food, council tax and car expenses (5 grand for the lot) I doubt there are many people who have 15k in disposable income
It's a substantial amount of cash

I think you are right. On my own, £20k would be ample. My wife, however....

 

[Bluemanc100]

When I was thinking about retirement, I was told that, assuming no mortgage, it was:

£10k pa - survival
£20k pa - comfortable
£30k pa - very comfortable
£40k pa - luxury

What is luxury to me though might be penury to you.

I'd agree with your numbers... We don't have an extravagant social life so the numbers above work for me.

I retired at 56 at the end of March mainly because SWMBO has Lymphoma and we need to take our chances now.. So far I have no regrets!

 

[denislawsbackheel]

When I was thinking about retirement, I was told that, assuming no mortgage, it was:

£10k pa - survival
£20k pa - comfortable
£30k pa - very comfortable
£40k pa - luxury

What is luxury to me though might be penury to you.

I agree with those figures.

 

[Bigg Bigg Blue]

Having looked at my pension, if I retire on my 66th birthday I will be able to live comfortably until about 3.00 pm in the afternoon that day...

 

[give it to gordon]

When I was thinking about retirement, I was told that, assuming no mortgage, it was:

£10k pa - survival
£20k pa - comfortable
£30k pa - very comfortable
£40k pa - luxury

What is luxury to me though might be penury to you.

When I retire do the council home me and the wife because our private rent is nearly 12k per year ? And give it another 5 yts till I am 65 the rent will be around 15k per year. I cant see how I could ever retire to be honest:(

 

[manchester blue]

When I retire do the council home me and the wife because our rent is nearly 12k per year ?

Depends on your income as it does now.

 

[pluto]

So if my pension is 20k a year. Is that paid as 1/12 monthly without tax deducted or does tax get taken from it also